Swing area at 1.00188-238 now support
The USDCHF was another currency that got a shove higher after the better Non-manufacturing ISM data.
That move took the price from the 200 hour MA at 0.9995 to a new session high at 1.0044. Along the way, the pair moved above a key swing ceiling in the 1.00188-238 area. That area was home to a number of swing highs going back to February 20. What was resistance is now support. It will be a risk levels for buyers now.
Looking at the daily chart below, the 1.0060 is the swing high from February 19. The high for the year comes in at 1.00975
Last week, the price fell below the 100 day MA (at 0.99599). That break was short lived. Friday's low found buyers ahead of that MA level. Buyers have more control.
